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Author : Paul H. Cootner
Publisher : MIT Press (MA)
Page : 546 pages
File Size : 49,9 Mb
Release : 1967
Category : Business & Economics
ISBN : UCSC:32106013559684
Author : Robert L. Hagin
Publisher : John Wiley & Sons
Page : 322 pages
File Size : 46,7 Mb
Release : 2004-02-01
Category : Business & Economics
ISBN : 9780471483816
A new look at the important issue of investment management in the 21st century Written for professional and private investors-as well as fiduciaries who rely on investment professionals-this book presents the content of an advanced investment-management course in an easy-to-read, question-and-answer format. Robert L. Hagin (Haverford, PA) is a 30-year investment management veteran who recently retired as Executive Director for Morgan Stanley Investment Management.
Author : F. Alberto Grünbaum,Pierre van Moerbeke,Victor H. Moll
Publisher : Birkhäuser
Page : 418 pages
File Size : 46,6 Mb
Release : 2015-12-31
Category : Mathematics
ISBN : 9783319222370
This volume presents a selection of papers by Henry P. McKean, which illustrate the various areas in mathematics in which he has made seminal contributions. Topics covered include probability theory, integrable systems, geometry and financial mathematics. Each paper represents a contribution by Prof. McKean, either alone or together with other researchers, that has had a profound influence in the respective area.
Author : Paul Anthony Samuelson
Publisher : MIT Press
Page : 1074 pages
File Size : 46,9 Mb
Release : 1986
Category : Economics
ISBN : 0262192519
The col. scient. pap. P.A. Samuelson /Ed. R.C. Merton.-v.5.
Author : Arusha Cooray
Publisher : Unknown
Page : 18 pages
File Size : 45,7 Mb
Release : 2003
Category : Random walks (Mathematics)
ISBN : 1862951306
Author : Andrew W. Lo,A. Craig MacKinlay
Publisher : Princeton University Press
Page : 449 pages
File Size : 44,7 Mb
Release : 2011-11-14
Category : Business & Economics
ISBN : 9781400829095
For over half a century, financial experts have regarded the movements of markets as a random walk--unpredictable meanderings akin to a drunkard's unsteady gait--and this hypothesis has become a cornerstone of modern financial economics and many investment strategies. Here Andrew W. Lo and A. Craig MacKinlay put the Random Walk Hypothesis to the test. In this volume, which elegantly integrates their most important articles, Lo and MacKinlay find that markets are not completely random after all, and that predictable components do exist in recent stock and bond returns. Their book provides a state-of-the-art account of the techniques for detecting predictabilities and evaluating their statistical and economic significance, and offers a tantalizing glimpse into the financial technologies of the future. The articles track the exciting course of Lo and MacKinlay's research on the predictability of stock prices from their early work on rejecting random walks in short-horizon returns to their analysis of long-term memory in stock market prices. A particular highlight is their now-famous inquiry into the pitfalls of "data-snooping biases" that have arisen from the widespread use of the same historical databases for discovering anomalies and developing seemingly profitable investment strategies. This book invites scholars to reconsider the Random Walk Hypothesis, and, by carefully documenting the presence of predictable components in the stock market, also directs investment professionals toward superior long-term investment returns through disciplined active investment management.
Author : Mark P. Kritzman
Publisher : John Wiley & Sons
Page : 214 pages
File Size : 53,6 Mb
Release : 2002-08-19
Category : Business & Economics
ISBN : 0471228842
Mit einigen wichtigen Theorien muß jeder Finanzexperte vertraut sein, wenn er die Grundlagen der Finanzanalyse verstehen will. In der Regel jedoch, werden diese Theorien nur unzureichend verstanden. "Puzzles of Finance" befaßt sich eingehend mit diesen komplizierten Finanzthemen und liefert dem Leser verständliche Erklärungen und Definitionen, die sich auf ein absolutes Minimum an Terminologie und Mathematik beschränken.
Author : George M. Frankfurter,Elton G. McGoun
Publisher : Routledge
Page : 510 pages
File Size : 52,5 Mb
Release : 2018-01-18
Category : Business & Economics
ISBN : 9781351744553
This title was first published in 2002: From Individualism to the Individual treats finance as a social and cultural process, exploring the unseen side of academic discourse and the many obstacles the deeply entrenched elite puts in the way of alternative thinking. Opening with a detailed discussion of the role of ideology in the perpetuation of the limited methodological bias of the profession toward markets, the book then examines the more specific effects of such ideological limitations on theoretical and empirical research in finance. The authors develop alternative ways to examine finance both as a profession and as a field of inquiry. This book will be of particular value to researchers and practitioners working in finance, as well as those in other social science disciplines whose research relates to finance, culture and society.
Author : S. Motamen-Samadian
Publisher : Springer
Page : 167 pages
File Size : 45,9 Mb
Release : 2005-10-11
Category : Business & Economics
ISBN : 9780230596368
This book provides a thorough analysis of risk management in emerging markets. A collection of eight studies, each chapter examines the range of risks that investors face in an emerging market, and the methods that should be used to manage these risks. It includes the latest empirical studies on the role of insider trading and the extent of information efficiency of these markets, and a comprehensive assessment of the suitability of the Value at Risk models to emerging markets.
Author : Michael Edesess
Publisher : Berrett-Koehler Publishers
Page : 457 pages
File Size : 42,6 Mb
Release : 2007-01-14
Category : Business & Economics
ISBN : 9781609943196
An insider’s account of how consumers are scammed by the investment advice industry, and how to avoid throwing your money away. The investment advice and management industry is built on fraud: the idea that professional advisors can predictably and consistently help you get a better rate of return on your investments. The industry sells us on this lie using manipulative tactics that are studied, refined, Wall Street-minted, Madison Avenue-packaged—and extraordinarily effective. Here, Michael Edesess exposes the shocking truth that, in fact, behind the success of nearly every prosperous investment professional lies not the ability to procure higher rates of return on investment for his or her clients but the ability to procure astoundingly high fees from those clients and nothing more. Through fascinating and sometimes humorous anecdotes and straightforward explanations of investment theory and scientific evidence, Edesess reveals just how badly investors are being scammed by The Big Investment Lie. He examines how the master salespeople that make up the industry sell their cleverly concocted distortions of truth—to the tune of $200 billion a year—to unsuspecting consumers who swallow them hook, line, and sinker. He then shines a spotlight on the true cost of the industry’s useless advice, showing that a prudent independent investor, following a conservative strategy, can reap anywhere from forty percent to over one hundred percent more than an investor who falls for The Big Investment Lie. Detailing the Ten New Commandments for Smart Investing—practical advice for how, where, and when to invest your money to maximize wealth—The Big Investment Lie provides the guidance you need to secure your financial future without throwing your hard-earned money away on the fraudulent investment advice industry.
Author : Kevin R. Brine,Mary Poovey
Publisher : University of Chicago Press
Page : 510 pages
File Size : 40,7 Mb
Release : 2017-11-16
Category : Business & Economics
ISBN : 9780226502182
The history of what we call finance today does not begin in ancient Mesopotamia, or in Imperial China, or in the counting houses of Renaissance Europe. This timely and magisterial book shows that finance as we know it--the combination of institutions, regulations, and models, as well as the infrastructure that manages money, credit, claims, banking, assets, and liabilities--emerged gradually starting in the late nineteenth century and coalesced only after World War II. Kevin Brine, a financial industry veteran, and Mary Poovey, a historian, lay bare the history of finance in the United States over this critical period. They show how modern finance made itself known in episodes such as the 1907 Bankers' Panic on Wall Street, passage of the Federal Reserve Act in 1913, and the marginalist tax policies adopted by the federal government in the 1920s. Over its long history, the distinctive feature of modern economics has been its reliance on mathematical modeling; Brine and Poovey show how this reliance came about, and how economists themselves understand it. "Finance in America: An Unfinished Story" provides the long view that we need to advance our national conversation about the place of finance. The story is unfinished because the 2009 financial crisis opened a perilous new chapter in this history, with reverberations that are still felt throughout the world. How we arrived at this most recent crisis is impossible to understand without the kind of history that Brine and Poovey provide here.
Author : David Dreman
Publisher : Simon and Schuster
Page : 498 pages
File Size : 44,6 Mb
Release : 2012-01-10
Category : Business & Economics
ISBN : 9780743297967
Introduces important new findings in psychology to demonstrate why most investment strategies are flawed, outlining atypical strategies designed to prevent over- and under-valuations while crash-proofing a portfolio.
Author : Cornelis Los
Publisher : Routledge
Page : 483 pages
File Size : 46,9 Mb
Release : 2003-07-24
Category : Business & Economics
ISBN : 9781134469321
This new book uses advanced signal processing technology to measure and analyze risk phenomena of the financial markets. It explains how to scientifically measure, analyze and manage non-stationarity and long-term time dependence (long memory) of financial market returns. It studies, in particular, financial crises in persistent financial markets, such as stock, bond and real estate market, and turbulence in antipersistent financial markets, such as anchor currency markets. It uses Windowed Fourier and Wavelet Multiresolution Analysis to measure the degrees of persistence of these complex markets, by computing monofractal Hurst exponents and multifractal singularity spectra. It explains how and why financial crises and financial turbulence may occur in the various markets and why we may have to reconsider the current wave of term structure modeling based on affine models. It also uses these persistence measurements to improve the financial risk management of global investment funds, via numerical simulations of the nonlinear diffusion equations describing the underlying high frequency dynamic pricing processes.
Author : Vasily E. Tarasov
Publisher : MDPI
Page : 278 pages
File Size : 40,6 Mb
Release : 2020-06-03
Category : Business & Economics
ISBN : 9783039361182
This book is devoted to the application of fractional calculus in economics to describe processes with memory and non-locality. Fractional calculus is a branch of mathematics that studies the properties of differential and integral operators that are characterized by real or complex orders. Fractional calculus methods are powerful tools for describing the processes and systems with memory and nonlocality. Recently, fractional integro-differential equations have been used to describe a wide class of economical processes with power law memory and spatial nonlocality. Generalizations of basic economic concepts and notions the economic processes with memory were proposed. New mathematical models with continuous time are proposed to describe economic dynamics with long memory. This book is a collection of articles reflecting the latest mathematical and conceptual developments in mathematical economics with memory and non-locality based on applications of fractional calculus.
Author : Prodromos E. Tsinaslanidis,Achilleas D. Zapranis
Publisher : Springer
Page : 204 pages
File Size : 52,9 Mb
Release : 2015-10-31
Category : Business & Economics
ISBN : 9783319236360
The main purpose of this book is to resolve deficiencies and limitations that currently exist when using Technical Analysis (TA). Particularly, TA is being used either by academics as an “economic test” of the weak-form Efficient Market Hypothesis (EMH) or by practitioners as a main or supplementary tool for deriving trading signals. This book approaches TA in a systematic way utilizing all the available estimation theory and tests. This is achieved through the developing of novel rule-based pattern recognizers, and the implementation of statistical tests for assessing the importance of realized returns. More emphasis is given to technical patterns where subjectivity in their identification process is apparent. Our proposed methodology is based on the algorithmic and thus unbiased pattern recognition. The unified methodological framework presented in this book can serve as a benchmark for both future academic studies that test the null hypothesis of the weak-form EMH and for practitioners that want to embed TA within their trading/investment decision making processes.
